Parties Debate Whether Denial Of Leave To Amend Securities Suit Was Proper

(December 12, 2017, 9:30 AM EST) -- PHILADELPHIA — Parties in an appeal of a securities class action lawsuit against a company and certain of its current and former executive officers and directors recently asked the Third Circuit U.S. Court of Appeals to determine whether a federal district court erred in denying a lead plaintiff’s request for leave to amend its complaint (City of Cambridge Retirement System, et al. v. Altisource Asset Management Corp., et al., No. 17-2471, 3rd Cir.)....